Market news

SME Lending in EU Faces €39B Shortfall, Onchain Opportunity Emerges

EU SME lending dropped 40–50% after Basel III and another 12% since 2023, creating a €39B annual funding gap filled by costly floating-rate debt. The shortfall opens a potential onchain opportunity for retail-accessible SME lending.

Robinhood Chain L2 Processes $3.1B in DEX Volume in First Week

Robinhood Chain's L2 mainnet processed $3.1B in DEX volume in its first week, ranking third in daily turnover at $808M behind Solana and BNB Chain.

Bitcoin Falls to $62K, Analyst Cites Japan Bond Volatility

Bitcoin dropped to $62,000 amid US-Iran tensions, but analyst Michael van de Poppe attributes the correction to a sharp move in Japanese government bond yields, not geopolitics. Meanwhile, QCP notes cautious sentiment ahead of key macro events.

Bitcoin Node Signaling for BIP-110 Soft Fork Reaches 3%

Approximately 3% of Bitcoin nodes (729 out of 24,482) are signaling support for BIP-110, a soft fork proposal aimed at limiting transaction data size to combat spam.

Ethereum Foundation Publishes Long-Term Tech Roadmap Through 2029

The Ethereum Foundation has released a long-term development plan for the decentralized network, aiming for completion by 2029. The roadmap includes a major protocol overhaul comparable to the Proof-of-Stake transition and addresses post-quantum cryptography.

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Solo Bitcoin Miner with Bitaxe Device Finds Block 957382, Earns 3.138 BTC

A solo miner using a Bitaxe device successfully mined Bitcoin block 957382 via Public Pool, earning a reward of 3.1382 BTC (~$200,000). The operation ran for about eight hours with a hash rate below 1 TH/s, despite the statistical odds of finding a block at that power being roughly once every 18,000 years.

Swyftx: AI-Driven Microbusiness Growth to Boost Stablecoin Transactions to $2.1T by 2033

Analysts at Swyftx forecast that AI-powered microbusiness expansion will drive stablecoin payment volume to $2.1 trillion by 2033, with $262 billion in stablecoins alone.

Robinhood Chain Launch Seen as Bullish for Ethereum

The launch of Robinhood's Layer-2 network is viewed as a positive development for Ethereum, even by its harshest detractors. Other headlines include a trader losing $1M to a phishing token approval and crypto scandals involving Farage and Trump.

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Whale Moves 2,931 BTC Worth $188M After 7 Years of Inactivity

A dormant Bitcoin whale transferred 2,931 BTC (approximately $188 million) after seven years of inactivity. The last movement from this address occurred in October 2018 when Bitcoin was trading near $6,475, making the value of the coins increase nearly tenfold.

Uniswap Pushes UNI Buyback Expansion Into Version 4

Uniswap governance moved to extend its protocol fee and UNI buyback-and-burn mechanism to selected v4 pools after a 93% temperature check.

SBI Group Launches JPYSC Stablecoin Lending at 3% Yield

SBI's JPYSC stablecoin lending product, offered through SBI VC Trade, opens applications July 16 with a fixed 12-week term at 3% annual yield.

SBI to Debut Stablecoin Lending Service with 3% Yield in Japan

SBI VC Trade opened applications July 16 for a yen-stablecoin (JPYSC) lending service offering an initial 3% annual yield over a 12-week term.

Crypto exchange Luno pushes back against Treasury's proposed regulations

Luno urged South Africa's National Treasury to rethink proposed capital-flow-management rules on crypto, arguing such changes should come through an Act of Parliament rather than ministerial regulation.

Gate Introduces OpenAI Pre-IPO Investment Product Ahead Of Potential Public Listing

Gate launched Phase II of its Pre-IPOs program with an OpenAI-linked asset certificate offering, subscribable July 15-17 with USDT and GUSD.

Coinbase Derivatives hits $4.75B daily volume after Deribit integration

Combined Coinbase Derivatives and Deribit posted $4.75B daily volume and $28.9B open interest, with Deribit holding roughly 95% of the open interest.

CoinW Signs Conor McGregor. The Data Says This Is a Distress Signal.

Analysis of CoinW naming Conor McGregor as global brand ambassador, timed to his July 12 UFC return.

BingX Launches the BingX Visa Debit Card, Bridging Digital Assets and Everyday Payments

BingX introduced a Visa debit card issued via Wirex, letting users spend, withdraw and earn rewards on crypto across Visa's network.

Binance.US CEO says exchange is rebuilding, eyes return to 20% U.S. market share

Binance.US CEO Stephen Gregory said the exchange is rebuilding after a two-year regulatory hibernation and targeting a return to 20% U.S. market share with lower trading fees.

Real Vision Analyst: MicroStrategy Capital Plans Could End Crypto Bear Market

Jamie Coutts of Real Vision suggests MicroStrategy's new capital plans may act as a catalyst to end the crypto bear market, with the market trusting the firm to do whatever it takes to survive.

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ForkLog Weekly Digest: Bitcoin to $64K, MiCA Expansion, US Reserve Delay

Bitcoin approached $64,000, Kazakhstan's president signed a crypto industry decree, the EU plans to extend MiCA rules to DeFi and NFTs, a US strategic Bitcoin reserve faces delays due to agency disputes, and SWIFT launched a blockchain-based cross-border payment system.

Bitcoin Nears Power Law Support Line Tracked by Fidelity Since 2015

Bitcoin is approaching a key support level under the Power Law model that Fidelity has monitored since 2015. The current lower boundary is around $58,000, with the upper limit near $120,000.

BlackRock's BUIDL Tokenized Fund Surpasses $900M AUM on Avalanche C-Chain

The BUIDL tokenized fund from BlackRock has exceeded $900 million in assets under management on Avalanche C-Chain, marking a 105% increase over the past week. Total AUM since its launch in March 2024 stands at approximately $2.87 billion.

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